Donald Trump open to considering XRP, Solana, and USDC for strategic reserves

Donald Trump open to considering XRP, Solana, and USDC for strategic reserves
фото показано с : invezz.com

2025-1-16 17:09

President-elect Donald Trump appears poised to reshape US crypto policy as his administration reportedly considers integrating cryptocurrencies such as XRP, Solana, and USDC into a national strategic reserve.

This potential move is part of an overarching pro-crypto stance expected to take shape through executive orders following his inauguration on January 20.

XRP, SOL, and USDC strategic reserves

According to a New York Post report, the Trump transition team is exploring the establishment of an “America-first strategic reserve,” prioritizing cryptocurrencies founded in the US such as:

XRP: Developed by Ripple Labs. Solana: A high-performance blockchain platform. USDC: A widely-used stablecoin backed by US dollars.

Ripple executives, including CEO Brad Garlinghouse, have reportedly met with Trump at Mar-a-Lago to discuss these possibilities.

As per the report, Trump is open the the idea of having such reserves.

However, some within the crypto sector worry that emphasizing alternative coins may dilute efforts to legitimize Bitcoin, the world’s largest cryptocurrency, which remains central to discussions of a strategic Bitcoin reserve.

Crypto community’s expectations from Trump’s first days

The crypto industry is optimistic that Donald Trump will take major steps for the sector on his first day in office on January 20, including issuing executive orders related to cryptocurrencies.

There are also expectations of a major regulatory shift under the anticipated new SEC leadership, reportedly headed by Paul Atkins.

Key hopes include the resolution of the Ripple lawsuit, which could potentially lead to the approval of a spot XRP ETF.

Additionally, the repeal of the controversial accounting rule SAB 121 is seen as a possibility, a move that would enable US banks to collaborate more closely with crypto firms.

Ahead of the January 20 inauguration, AI and Crypto Czar David Sacks will host the inaugural Crypto Ball in Washington, D.C.

The event is set to celebrate the anticipated “crypto golden age,” reflecting optimism in the sector as Trump’s policies promise transformative growth opportunities for digital assets in the U.S.

This shift marks a pivotal moment for the crypto market, with many viewing Trump’s presidency as a catalyst for broader adoption and regulatory clarity in the space.

XRP’s meteoric rise

XRP surged to its highest level since January 2018, as optimism over evolving crypto regulations outweighed concerns surrounding the latest legal appeal by the U.S. Securities and Exchange Commission (SEC).

The token reached a seven-year high of $3.37 on January 16. XRP price has gained over 45% in the past week.

Trading activity for the world’s third-biggest crypto by market cap has surged by over 70% to $26 billion in the last 24 hours.

The bullish momentum has also been supported by strong whale accumulation.

If the token continued the bullish momentum it could look to surpass its all-time high and head towards the $4 mark.

The post Donald Trump open to considering XRP, Solana, and USDC for strategic reserves appeared first on Invezz

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